Two Cordlife shareholders seeking board seats
Long-time stakeholders Bonvests and Tai Tak Estates plan to call for shareholder meeting following the sudden resignation of CEO Jeremy Yee
Anita Gabriel
Singapore
DISPLEASED by the sudden departure of Cordlife Group's chief executive last month, two key long-time shareholders of the cord-blood banking firm plan to call for a shareholder meeting to secure board seats in the firm.
The Business Times understands that the shareholders - Bonvests Holdings Ltd and Tai Tak Estates Sdn Bhd - who collectively own 22.5 per cent of Cordlife and have been invested in the firm since its listing on the Singapore Exchange in 2012 - have hired legal firm Rajah & Tann to assist in calling for a shareholder meeting.
Copyright SPH Media. All rights reserved.